Risk Warning – MICAP - MI Capital Research

The following has been printed solely for on 27 April 2024, and should not be relied upon by any other party Try MICAP for free Login No notifications Welcome back Research Tools Overview Investment Listing Filter Compare Build Portfolios Save your Research Your Activity Log Activity Log FAQ MICAP Reviews Review Process MICAP Impact Scores Other Adviser Services Overview Panel Support Services Client Reporting Digital Application Forms Market Information Overview EIS/SEIS Market Snapshot VCT Market Snapshot Enterprise Investment Scheme (EIS) Seed Enterprise Investment Scheme (SEIS) Venture Capital Trusts (VCTs) Tax Treatment (EIS, SEIS, VCT) Business Relief (BR) Key Risks
Risk Warning MI Capital Research Ltd (MICAP) is an independent due diligence and research provider of alternative investments. MICAP does not offer advice on these investments. Nothing on the website may be relied upon as a basis on which to invest and independent assessments should be made as to the appropriateness and risk profile of potential investments. The investments MICAP displays on its website are alternative and unlisted. As such they are relatively high risk and illiquid. Investing in such companies can be rewarding, but it involves a number of risks and challenges. If you choose to use the MICAP website, you need to be aware of and accept four important considerations: Loss of Capital Past performance of any investment is not necessarily a guide to the performance of similar investments in the future. When investing in unlisted companies there is a risk that you may not get back what you put in if a company turns insolvent. You should only invest as much as you can afford to lose and as part of a diversified portfolio. You should not invest more money in unlisted companies than you can afford to lose without altering your standard of living. Illiquidity Any investment you make in a company featured on the MICAP website is likely to be highly illiquid. There is unlikely to be any active secondary market for the shares of the investee companies. Even for a successful investment, any return on your investment may be unlikely to occur for a number a years from the time you make your investment. In particular, if you are over the age of 60 at the time of making an investment you should consider the effect this illiquidity could have on your lifestyle. Diversification Investing in unlisted companies should only be done as part of a diversified portfolio. This means that you should invest relatively small amounts in multiple asset classes as opposed to a large amount in one or a few. It also means that you should invest only a small proportion of your investable capital in this asset class, with the majority of your investable capital invested in safer, more liquid assets. Tax You are responsible for the administering of your own tax affairs, which may include capital gains and/or income tax.MI Capital research Ltd does not provide tax advice and you should seek this independently before investing if you are unsure of your position. It is your responsibility to ensure that your tax return is correct and is filed by the deadline and any tax owing is paid on time. If you are unsure how this investment will affect your tax status, you must seek professional advice before you invest.
The MICAP Impact Assessment process is based on the Manager’s answers to our Impact Assessment Questionnaire, which may not be verified or audited by MICAP. The resultant MICAP Impact Scores should not be taken as financial advice or a complete and comprehensive analysis of the risks of investing in the investment, which are usually set out in the Information Memorandum, Prospectus or Brochure supplied by the Investment Manager. Alternative and unquoted investments are inherently high risk and invested capital is at risk. Tax ramifications may vary depending on the investor's personal circumstances. MI Capital Research Ltd is an Appointed Representative of Thornbridge Investment Management LLP (FRN: 713859), which is authorised and regulated by the Financial Conduct Authority.

MI Capital Research Ltd (MICAP) is an independent due diligence and research provider of alternative investments. MICAP does not offer advice on these investments. Nothing on the website may be relied upon as a basis on which to invest and independent assessments should be made as to the appropriateness and risk profile of potential investments.

The investments MICAP displays on its website are alternative and unlisted. As such they are relatively high risk and illiquid. Investing in such companies can be rewarding, but it involves a number of risks and challenges. If you choose to use the MICAP website, you need to be aware of and accept four important considerations:

Loss of Capital

Past performance of any investment is not necessarily a guide to the performance of similar investments in the future. When investing in unlisted companies there is a risk that you may not get back what you put in if a company turns insolvent. You should only invest as much as you can afford to lose and as part of a diversified portfolio. You should not invest more money in unlisted companies than you can afford to lose without altering your standard of living.

Illiquidity

Any investment you make in a company featured on the MICAP website is likely to be highly illiquid. There is unlikely to be any active secondary market for the shares of the investee companies. Even for a successful investment, any return on your investment may be unlikely to occur for a number a years from the time you make your investment. In particular, if you are over the age of 60 at the time of making an investment you should consider the effect this illiquidity could have on your lifestyle.

Diversification

Investing in unlisted companies should only be done as part of a diversified portfolio. This means that you should invest relatively small amounts in multiple asset classes as opposed to a large amount in one or a few. It also means that you should invest only a small proportion of your investable capital in this asset class, with the majority of your investable capital invested in safer, more liquid assets.

Tax

You are responsible for the administering of your own tax affairs, which may include capital gains and/or income tax.MI Capital research Ltd does not provide tax advice and you should seek this independently before investing if you are unsure of your position. It is your responsibility to ensure that your tax return is correct and is filed by the deadline and any tax owing is paid on time. If you are unsure how this investment will affect your tax status, you must seek professional advice before you invest.

The MICAP Impact Assessment process is based on the Manager’s answers to our Impact Assessment Questionnaire, which may not be verified or audited by MICAP. The resultant MICAP Impact Scores should not be taken as financial advice or a complete and comprehensive analysis of the risks of investing in the investment, which are usually set out in the Information Memorandum, Prospectus or Brochure supplied by the Investment Manager.

Alternative and unquoted investments are inherently high risk and invested capital is at risk. Tax ramifications may vary depending on the investor's personal circumstances. MI Capital Research Ltd is an Appointed Representative of Thornbridge Investment Management LLP (FRN: 713859), which is authorised and regulated by the Financial Conduct Authority.